The Home Depot Foundation invests $10 million to help veterans age in place, avoid homelessness

ATLANTA, Nov. 11, 2024

"As veterans age, small accessibility modifications can mean the difference between remaining in their own homes versus being displaced," said Erin Izen, executive director of The Home Depot Foundation. "With this new $10 million investment, The Home Depot Foundation is proud to further our support of our nonprofit partners improving veteran housing across the country, helping veterans safely maintain their independence for years to come."

The funding announced today will facilitate:

• Creation of affordable housing: Over 230 new or refurbished rental units constructed by organizations including U.S.VETS and Coalition for Responsible Community Development will be made available for veterans.
• Critical home repairs: More than 125 urgent home repairs for low-income veteran families will be conducted by organizations such as Operation Homefront.
• Financial relief: Rental and/or mortgage assistance provided by Housing Assistance Council and similar organizations will be provided to over 270 veterans.
• Home adaptations and smart homes: 400 home adaptations and critical home repairs will be completed by Semper Fi & America's Fund, and seven new fully custom smart homes will be built by Gary Sinise Foundation for veterans with significant service-related disabilities.

"The generous investment from The Home Depot Foundation is an important step forward in our shared mission to support and uplift our veterans through housing," said Stephen Peck, CEO of U.S.VETS. "We are honored to be a partner in this initiative to expand affordable, accessible supportive housing that meets the needs of those who have bravely served our nation."

In celebration of its annual Operation Surprise initiative, The Home Depot Foundation and Team Depot, The Home Depot's associate volunteer force, will undertake hundreds of service projects nationwide to enhance the safety and accessibility of veterans' homes. Throughout the month of November, Team Depot will focus on making veteran housing safer, more accessible and livable for the long run. Beyond physical improvements, Team Depot will also deliver special moments of appreciation to honor those who have served.

On Veterans Day last year, The Home Depot Foundation announced it had surpassed $500 million invested in veteran causes since 2011, meeting its previous financial commitment two years early. The Foundation also laid out plans to grow its mission to serve those who served with an updated commitment of $750 million to veteran causes by 2030. Through this incremental $250 million commitment, the Foundation, its nonprofit partners and Team Depot will focus primarily on affordable housing issues and will impact an estimated 50,000 veterans.

The Home Depot is proud to have tens of thousands of veterans, service members and military spouses in orange aprons. To learn more about The Home Depot's commitment to the veteran and military communities, visit homedepot.com/military. Follow #OperationSurprise to see how the Foundation and Team Depot are making homes more welcoming for veterans across the country.

About The Home Depot Foundation
The Home Depot Foundation, the nonprofit arm of The Home Depot (NYSE: HD), works to improve the homes and lives of U.S. veterans, support communities impacted by natural disasters and train skilled tradespeople to fill the labor gap. Since 2011, the Foundation has invested more than $550 million in veteran causes and improved more than 65,000 veteran homes and facilities. The Foundation has pledged to invest $750 million in veteran causes by 2030 and $50 million in training the next generation of skilled tradespeople through the Path to Pro program by 2028. To learn more about The Home Depot Foundation visit HomeDepotFoundation.org and follow us on Twitter @HomeDepotFound and on Facebook and Instagram @HomeDepotFoundation.

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SOURCE The Home Depot Foundation